Gasoline Surged as Fire Ripped Through Philadelphia Refinery

The video discusses the impact of rising geopolitical tensions, such as the US-Iran conflict, on oil prices. It highlights Wall Street's strategic positioning and risk management in response to these tensions. Additionally, the video covers the implications of a major refinery fire on the East Coast, which affects gasoline prices and supply during peak demand season.

What are the potential consequences of the current geopolitical situation on oil prices?

Discuss the significance of the refinery in Philadelphia in the context of gasoline supply.